CETANA PROOF - Flipbook - Page 55
500
2025
2030
CANADIAN BANK
SUSTAINABLE
FINANCING TARGETS
IN BILLIONS
400
2030
300
2025
2030
BMO
CIBC
200
100
0
RBC
TD BANK
SCOTIABANK
Good News! Canada’s five largest banks, the Big Five (Royal
Bank, TD Bank, Scotiabank, BMO and CIBC) have set 2050 as
the target date to achieve net-zero GHG from operational
and financing activities. In the shorter-term, the banks have
sustainable financing targets. For example, RBC has pledged
to offer $500 billion in sustainable financing by 2025. The TD
Bank target is $500 billion by 2030, Scotiabank’s goal is $350
billion by 2030, BMO is $300 billion by 2025, CIBC is $300
billion by 2030.
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